We're always interested in hearing about business news in our community. Let us know what's going on!

  • Updated

BEIJING/LONDON/WASHINGTON (Reuters) — China, the world's largest crude importer, was non-committal about its intentions to release oil from its reserves per a request from the United States, while OPEC producers were not considering changing tactics in light of the U.S. action, according to …

  • Updated

WASHINGTON (Reuters) — The United States said on Tuesday it would release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain to cool prices after OPEC+ producers repeatedly ignored calls for more crude.

  • Updated

NEW YORK (Reuters) — Wall Street banks are planning for a sustained period of higher inflation, running internal health checks, monitoring whether clients in exposed sectors could pay back loans, devising hedging strategies and counseling caution when it comes to deals.

  • Updated

Bank of Saipan is an official 2021 “Toys for Tots” partner this holiday season. Community members who would like to donate toys to the “Toys for Tots” program can drop off their donation at Bank of Saipan. The “Toys for Tots” program is a charitable initiative hosted by the U.S. Marine Corps…

  • Updated

WASHINGTON (Reuters) — Federal Reserve Chair Jerome Powell was nominated for a second four-year term by President Joe Biden on Monday, extending a tenure that began somewhat by chance, survived blistering criticism from former President Donald Trump, and now positions the ex-investment banke…

  • Updated

LONDON (Reuters) — Borrowing costs for U.S. dollars in currency derivatives markets rose on Monday to their highest levels in nearly a year, driven up by the year-end dollar funding rush and the euro's steady slide against the greenback.

  • Updated

(Reuters) — Federal Reserve policymakers are publicly debating whether to withdraw support for the U.S. economy more quickly to deal with surging inflation, with one of the central bank's most influential officials signaling on Friday that the idea will be on the table at the Fed's next meeting.

  • Updated

COLONIA, Yap (Press Release) — Manta Ray Bay Resort & Yap Divers has been voted the #1 resort in the Pacific/Indian Ocean region in the value-for-money category in Scuba Diving magazine’s annual readers’ poll of the best destinations, dive resorts, dive operators and liveaboard vessels.

  • Updated

WASHINGTON (Reuters) — A year ago, as the coronavirus built toward its most intense peak, the U.S. economy was in a dark spot with job growth stalled, more than 10 million out of work and about to lose unemployment benefits, and warnings of a slide back into recession.

  • Updated

AMSTERDAM (Reuters) — Royal Dutch Shell's decision to move its corporate headquarters and tax base to London may win over shareholders but it has struck a blow to Dutch prestige.

  • Updated

TRIPLE J Saipan Inc. is proud to announce the recent hire of Fred Camacho as business development manager and Keith Ahn as the manager for Saipan Surfrider Hotel.

  • Updated

FIRST Hawaiian Bank Chairman, President and Chief Executive Officer Bob Harrison announced the promotion of Edward Untalan to executive vice president and retail banking region manager for the Guam and CNMI region.

  • Updated

TOKYO (Reuters) — Inflation fears pressured Asian stocks and buoyed the dollar on Thursday after data overnight showed U.S. consumer prices surged at the fastest pace since 1990 last month, boosting the case for faster Federal Reserve policy tightening.

  • Updated

(Reuters) —  For all the central bank assurances about the inflation spike being transitory, investors are struggling to look past the biggest annual rise in U.S. inflation in 31 years.

  • Updated

THE Hotel Association of the Northern Mariana Islands reported 33 percent average occupancy rate among its 11 member hotels for October 2021.  The figure is over seven times higher compared to October 2020, with 14,074 room nights sold this October compared to 2,118 rooms last October.

  • Updated

THE CNMI  Small  Business  Development  Center  invites  you  to  register for a free virtual training on "How to Write a Business Plan" slated for Friday, November 12, 2021 from 2:00pm-4:00pm. In this training, participants will learn the Three "M’s" of a Business Plan: Money, Management, a…

  • Updated

WASHINGTON (Reuters) — U.S. producer prices increased solidly in October, driven by surging costs for gasoline and motor vehicle retailing, suggesting that high inflation could persist for a while amid tight supply chains related to the pandemic.

  • Updated

(Reuters) — The U.S. Federal Reserve looks at a wide range of indicators in gauging how close the economy is to reaching full employment, Fed Chair Jerome Powell said on Tuesday, as he reiterated the benefits of targeting workers who often remain on the sidelines.

  • Updated

BOSTON/GLASGOW (Reuters) — A week into the United Nations' high-profile climate conference in Glasgow, executives and financial analysts said they are optimistic the talks will lead to changes needed for business to play a bigger role in tackling climate change.

  • Updated

WASHINGTON (Reuters) — The U.S. Federal Reserve's hoped-for surge of people into the U.S. job market fell short again in October, with the labor force participation rate now flat for 15 months and continued broad wage gains reflecting what's become perhaps the key supply "bottleneck" for the…

  • Updated

WASHINGTON (Reuters) — Two U.S. senators have introduced bipartisan legislation that seeks to make it harder for Amazon.com and other tech giants to make acquisitions.

  • Updated

(Reuters) — Dubai plans to merge the departments of economy and tourism and hopes to attract 25 million tourists in 2025, Sheikh Hamdan bin Mohamed Bin Rashid Al Maktoum, Dubai's Crown Prince, said on Twitter on Saturday.

  • Updated

NEW YORK (Reuters) — The Fed's well-telegraphed taper announcement has done little to soothe the nerves of some investors, who remain on edge about stubbornly persistent inflation and are looking to trim risk as they prepare for rockier times.

  • Updated

WASHINGTON (Reuters) — The Federal Reserve on Wednesday is expected to detail plans to end its pandemic-era bond purchases by mid-2022 as policymakers shift their focus towards what, if anything, to do about a surge in inflation that is lasting longer than anticipated.

  • Updated

SINGAPORE (Reuters) — Ether, the world's second-largest cryptocurrency, hit an all-time high on Wednesday, catching up with bitcoin's rally and riding on news of wider blockchain adoption.

  • Updated

(Reuters) — Deere & Co. workers were set to continue their three-week-old strike after they voted to reject a second contract reached between the U.S. tractor maker and the United Auto Workers union that bumped up wages and bonuses, UAW said on Tuesday.